OPEC raises its forecast for global energy demand.

VTV.vn - According to OPEC, oil will remain the largest energy source, accounting for nearly 30% of total global energy by 2050.

OPEC forecasts a stable global oil market in 2026.

Global energy demand is projected to increase by 23% by the middle of this century. This forecast was made by the Organization of Petroleum Exporting Countries (OPEC) in its World Oil Outlook 2050 report. According to OPEC, oil will remain the largest energy source, accounting for nearly 30% of total global energy by 2050.

Along with natural gas, oil is projected to continue accounting for more than half of global energy consumption over the next 25 years. The report also highlights a stark disparity between regions. Most of the growth in energy demand will come from developing countries, while consumption in developed countries is expected to stabilize or decline during the same period.

According to OPEC's latest Monthly Oil Market Report (MOMR), released on December 12th, the oil supply-demand balance is projected to remain solid throughout the coming year, thanks to sustained high global demand and well-controlled supply. The report indicates that OPEC+ crude oil demand in 2026 is estimated to average around 43 million barrels per day, nearly equivalent to the group's production in November 2025.

In November, OPEC+ produced approximately 43.06 million barrels per day, an increase of 43,000 barrels per day compared to the previous month, following the implementation of the latest production adjustment agreement. OPEC noted that the latter part of this year has seen stability in the oil market, strong global demand, and generally well-managed supply, supported by economic growth in both member and non-member countries of the Organization for Economic Cooperation and Development (OECD).

OPEC maintained its forecast for global oil demand growth at 1.3 million barrels per day in 2025 and 1.4 million barrels per day in 2026. The main drivers of this growth are expected to come from non-OECD economies, particularly in Asia, the Middle East, and Africa, where industrial activity and transportation demand continue to increase, offsetting slower growth in some developed economies.

Regarding economic prospects, OPEC slightly revised its forecast for global economic growth in 2025 upwards to 3.1%, while maintaining its forecast for 2026 at 3.1%. According to OPEC, the world economy is likely to maintain stable growth thanks to positive consumer spending, limited impact from trade tensions, and relatively favorable fiscal and monetary policies in key economies.

Source: https://vtv.vn/opec-nang-du-bao-nhu-cau-nang-luong-toan-cau-100251216084246769.htm